State Program Performance Data

State Program Performance Data

Monthly State Program Performance Data & Trends

California

Key Program Metrics Snapshot
(as of August 31, 2021)

Program Performance Indicators, Monthly Percent Change
(as of August 31, 2021)

7/31/21 8/31/21 Percent Change 6/30/21-7/31/21
Total Assets $102,327,624 $117,086,372 14.4%
Total Funded Accounts 167,696 180,387 7.6%
Total Withdrawals $10,315,231 $11,994,749 16.3%
Accounts with Withdrawals  

22,535

 

24,577

9.1%
Average Deferral Rate 5.09% 5.09%
Average Monthly Contribution Amount  

$137

 

$143

4.2%
Average Funded Account Balance  

$610

 

$649

6.4%
Effective Opt Out Rates 30.08% 29.85%
Total Registered Employers  

13,660

 

14,133

3.5%
Total Added Employee Data  

9,207

 

9,794

6.4%
Total Submitting Payroll Deductions  

4,750

 

5,396

13.6%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

Key Program Metrics Snapshot
(as of August 31, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of August 31, 2021)

7/31/21 8/31/21 Percent Change 7/31/21-8/31/21
Total Assets $70,196,356 $74,013,206 5.4%
Total Funded Accounts 91,655 93,126 1.6%
Total Withdrawals $11,105,449 $11,914,376 7.3%
Accounts with Withdrawals  

18,057

 

18,548

2.7%
Average Deferral Rate 5.04% 5.05%
Average Monthly Contribution Amount  

$108.75

 

$114.24

5.0%
Average Funded Account Balance  

$765.88

 

$794.76

3.8%
Effective Opt Out Rates 33.80% 33.67%
Total Registered Employers  

6,062

 

6,146

1.4%
Total Added Employee Data  

4,041

 

4,067

0.6%
Total Submitting Payroll Deductions  

2,846

 

2,856

0.4%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

Key Program Metrics Snapshot
(as of July 31, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of July 31, 2021)

6/30/21 7/31/21 Percent Change  6/30/21-7/31/21
Total Assets $118,898,674 $125,013,352 5.1%
Total Funded Accounts 110,047 110,929 0.8%
Total Withdrawals $28,973,811 $30,442,515 5.1%
Accounts with Withdrawals 24,258 25,004 3.1%
Average Deferral Rate 5.50% 5.50%
Average Monthly Contribution Amount $131 $141 7.6%
Average Funded Account Balance $1,080 $1,127 4.4%
Effective Opt Out Rates 32.2% 32.1%
Total Registered Employers 16,969 17,026 0.3%
Total Added Employee Data 14,820 14,870 0.3%
Total Submitting Payroll Deductions 7,549 7,592 0.6%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Monthly Cumulative State Program Performance Metrics (CA, IL, and OR)

Key Program Metrics Snapshot (CA, IL and OR)
(as of July 31, 2021)

Program Performance Indicators
Monthly Percent Change
(as of July 31, 2021)

6/30/21 7/31/21  Percent Change   6/30/21-7/31/21
Total Assets $276,086,362 $297,537,332 7.8%
Total Funded Accounts 358,785 370,280 3.2%
Total Registered Employers 35,915 36,748 2.3%
Total Added Employee Data 27,089 28,118 3.8%
Total Submitting Payroll Deductions 14,698 15,188 3.3%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Massachusetts
Key Program Metrics Snapshot

Washington
Key Program Metrics Snapshot

Quarterly State Program Performance Data & Trends

California

  9/30/20 12/31/20 Percent Change 9/30/20-

12/31/20

3/31/21 Percent Change  12/31/20-

3/31/21

6/30/21 Percent Change  3/31/21-

6/30/21

Percent

Change

9/30/20-

6/30/21

Total Assets $11,026,726 $28,369,064 157.3% $54,756,572 93.0% $90,114,631 64.6% 717.2%
Total Funded Accounts 27,544 96,018 248.6% 128,818 34.2% 158,335 22.9% 474.8%
Total Withdrawals $955,143 $2,219,958 132.4% $4,920,092 121.6% $8,681,689 76.5% 808.9%
Accounts with Withdrawals 2,656 7,224 172.0% 14,190 96.4% 20,419 43.9% 668.8%
Average Deferral Rate 5.03% 5.01% 5.11% 5.09%
Average Monthly Contribution Amount $126.48 $113.91 -9.9% $135.17 18.7% $142.73 5.6% 12.8%
Average Funded Account Balance $400.33 $295.46 -26.2% $425.07 43.9% $569.14 33.9% 42.2%
Effective Opt Out Rates 34.54% 30.45% 29.25% 29.96%
Total Registered Employers 3,500 7,278 107.9% 9,957 36.8% 12,886 29.4% 268.2%
Total Added Employee Data 2,074 4,345 109.5% 6,349 46.1% 8,236 29.7% 297.1%
Total Submitting Payroll Deductions 855 2,203 157.7% 3,280 48.9% 4,312 31.5% 404.3%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

  9/30/20 12/31/20 Percent Change 9/30/20-

12/31/20

3/31/21 Percent Change  12/31/20-

3/31/21

6/30/21 Percent Change  3/31/21-

6/30/21

Percent

Change

9/30/20-

6/30/21

Total Assets $35,187,947 $46,989,252 33.5% $55,672,562 18.5% $67,073,057 20.5% 90.6%
Total Funded Accounts 71,568 79,837 11.6% 85,355 6.9% 90,403 5.9% 26.3%
Total Withdrawals $4,451,422 $6,185,084 38.9% $8,267,114 33.7% $10,333,863 25% 132.1%
Accounts with Withdrawals 11,724 13,630 16.3% 15,953 17% 17,495 9.7% 49.2%
Average Deferral Rate 5.02% 5.01% 5.03% 5.04%
Average Monthly Contribution Amount $96.39 $96.60 0.2% $103.11 6.7% 114.90 11.4% 19.2%
Average Funded Account Balance $491.67 $588.56 19.7% $652.25 10.8% 741.93 13.7% 50.9%
Effective Opt Out Rates 37.12% 35.99% 35.08% 34.01%
Total Registered Employers 5,843 6,087 4.2% 6,100 .2% 6,060 -0.7% 3.7%
Total Added Employee Data 3,685 3,959 7.4% 4,017 1.5% 4,033 0.4% 9.4%
Total Submitting Payroll Deductions 2,527 2,705 7.0% 2,806 3.7% 2,837 1.1% 12.3%
 Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

  9/30/20 12/31/20 Percent Change 9/30/20-

12/31/20

3/31/21 Percent Change  12/31/20-

3/31/21

6/30/21 Percent Change  3/31/21-

6/30/21

Percent

Change

9/30/20-

6/30/21

Total Assets $69,167,837 $84,741,739 22.5% $99,147,494 17.0% $118,898,674 19.9% 71.9%
Total Funded Accounts 74,333 87,909 18.3% 104,709 19.1% 110,047 5.1% 48.0%
Total Withdrawals $17,193,138 $20,783,720 20.9% $24,724,830 19.0% $28,973,811 17.2% 68.5%
Accounts with Withdrawals 17,724 19,697 11.1% 22,219 12.8% 24,258 9.2% 36.9%
Average Deferral Rate 5.35% 5.30% 5.60% 5.50%
Average Monthly Contribution Amount $136.17 $134 -1.6%

 

$139 3.7% $131 -5.8% -3.8%
Average Funded Account Balance $930.51 $964 3.6% $947 -1.77% $1,080 14.0% 16.1%
Effective Opt Out Rates 33.63% 34.10% 32.60% 32.2%
Total Registered Employers 14,235 16,292 14.5% 16,940 4.0% 16,969 0.2% 19.2%
Total Added Employee Data 11,584 13,772 18.9% 14,606 6.1% 14,820 1.5% 27.9%
Total Submitting Payroll Deductions 6,038 6,531 8.2% 7,291 11.6% 7,549 3.5% 25.0%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Quarterly Cumulative State Program Performance Metrics (CA, IL, and OR)

  9/30/20 12/31/20 Percent Change 9/30/20-

12/31/20

3/31/21 Percent Change  12/31/20-

3/31/21

6/30/21 Percent Change  3/31/21-

6/30/21

Percent

Change

9/30/20-

6/30/21

Total Assets $115,382,510 $160,100,055  38.8% $209,576,628 30.9% $276,086,362  31.7%  139.3%
Total Funded Accounts 173,445 263,764  52.1% 318,882 20.1%  358,785  12.5%  106.9%
Total Registered Employers 23,578 29,657  25.8% 32,997 11.3%  35,915  8.8%  52.3%
Total Added Employee Data 17,343 22,076  27.3% 24,972 13.1%  27,089  8.5%  56.2%
Total Submitting Payroll Deductions 9,420 11,439  21.4% 13,377 16.9%  14,698  9.9%  56.0%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Semi-Annual and Annual State Program Performance Metrics (CA, IL, and OR)

  6/30/20 12/31/20 Percent Change 6/30/20-12/31/20 6/30/21 Percent Change  12/31/20-

6/30/21

Percent

Change

6/30/20-

6/30/21

Total Assets $89,851,936 $160,100,055 78.2% $276,086,362 72.4% 207.3%
Total Funded Accounts 151,107 263,764 74.6%  358,785 36% 137.4%
Total Registered Employers 21,492 29,657 38%  35,915 21.1% 67.1%
Total Added Employee Data 15,984 22,076 38%  27,089 22.7% 69.5%
Total Submitting Payroll Deductions 8,735 11,439 31%  14,698 28.5% 68.3%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Annual State Program Performance Data & Trends

Individual State Program Performance Data, December 2019-December 2020

3-State Comparison of Program Performance, December 2019-December 2020
(OregonSaves, Illinois Secure Choice, and CalSavers)